FNGD vs. OSCG

Last updated Jun 4, 2026

FNGD (MicroSectors FANG+™ Index -3X Inverse Leveraged ETN) and OSCG (Leverage Shares 2X Long OSCR Daily ETF) are both Leveraged Equities funds. FNGD is passively managed, while OSCG is actively managed. At a correlation of -0.24, they often move in opposite directions. FNGD charges 0.95%/yr vs 0.75%/yr for OSCG.

Performance

FNGD vs. OSCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Leverage Shares 2X Long OSCR Daily ETF (OSCG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNGD achieves a -41.82% return, which is significantly lower than OSCG's 62.91% return.

FNGD

• 1D: 3.34%
• 1M: -28.48%
• YTD: -41.82%
• 6M: -33.35%
• 1Y: -60.64%
• 3Y*: -69.29%
• 5Y*: -65.57%
• 10Y*: —

OSCG

• 1D: -5.93%
• 1M: 16.15%
• YTD: 62.91%
• 6M: 12.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FNGD vs. OSCG - Yearly Performance Comparison

	2026 (YTD)	2025
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN	-41.82%	15.57%
OSCG Leverage Shares 2X Long OSCR Daily ETF	62.91%	-39.33%

Correlation

The correlation between FNGD and OSCG is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	-0.24

Return for Risk

FNGD vs. OSCG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNGD

FNGD Risk / Return Rank: 1
FNGD Sharpe Ratio Rank: 1
FNGD Sortino Ratio Rank: 1
FNGD Omega Ratio Rank: 1
FNGD Calmar Ratio Rank: 1
FNGD Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FNGD vs. OSCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Leverage Shares 2X Long OSCR Daily ETF (OSCG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FNGD	OSCG	Difference
Sharpe ratio Return per unit of total volatility	-1.04	—	—
Sortino ratio Return per unit of downside risk	-1.75	—	—
Omega ratio Gain probability vs. loss probability	0.81	—	—
Calmar ratio Return relative to maximum drawdown	-0.92	—	—
Martin ratio Return relative to average drawdown	-1.84	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FNGD	OSCG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.04	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	-0.01	-0.77

Drawdowns

FNGD vs. OSCG - Drawdown Comparison

The maximum FNGD drawdown since its inception was -100.00%, which is greater than OSCG's maximum drawdown of -71.31%. Use the drawdown chart below to compare losses from any high point for FNGD and OSCG.

Drawdown Indicators

	FNGD	OSCG	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-71.31%	-28.69%
Max Drawdown (1Y) Largest decline over 1 year	-65.92%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-97.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-99.67%	—	—
Current Drawdown Current decline from peak	-100.00%	-36.47%	-63.53%
Average Drawdown Average peak-to-trough decline	-87.25%	-37.25%	-50.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.99%	—	—

Volatility

Volatility by Period

	FNGD	OSCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	45.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.70%	145.44%	-86.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.78%	145.44%	-56.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.00%	145.44%	-54.44%

FNGD vs. OSCG - Expense Ratio Comparison

FNGD has a 0.95% expense ratio, which is higher than OSCG's 0.75% expense ratio.

Dividends

FNGD vs. OSCG - Dividend Comparison

Neither FNGD nor OSCG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FNGD and OSCG in my portfolio?

FNGD and OSCG have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FNGD or OSCG?

On fees, OSCG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FNGD or OSCG?

OSCG is cheaper with a 0.75% expense ratio, compared with 0.95% for FNGD.

Which ETF pays a higher dividend yield, FNGD or OSCG?

FNGD and OSCG have nearly identical dividend yields, around 0.00%.

What is the main difference between FNGD and OSCG?

They also come from different issuers: BMO and Leverage Shares. Their fees differ too: 0.95% for FNGD and 0.75% for OSCG.